One of Murphy USA’s 14 board members is stepping down from his post later this year, according to a Feb. 15 SEC filing from the convenience store retailer.
Fred Holliger, who has been a director on Murphy’s board since August 2013, has informed the company that he will retire as of Murphy’s 2024 annual shareholders meeting.
During his time on Murphy’s board, Holliger has been a member of its executive compensation committee as well as the nominating and governance committee.
Although there is no date confirmed for Murphy’s 2024 shareholder meeting, the event has taken place during the first week of May every year since 2014, with the 2020 and 2021 meetings being virtual amid the COVID-19 pandemic.
Earlier in his career, Holliger was chairman and CEO of Giant Industries, a Scottsdale, Arizona-based petroleum refining and retail convenience store company, from 2005 until 2007. His time atop the company ended when it merged with Texas-based oil refiner and marketer Western Refining Company, according to his bio on Murphy’s website.
Prior to becoming chairman and CEO of Giant, Holliger was its president and chief operating officer for 16 years. Holliger is also a former director of the National Petroleum Refinery Association and the New Mexico Oil and Gas Association.
Holliger’s departure from Murphy’s board comes as the convenience retailer looks to rebound from what it considered a disappointing 2023 in terms of store growth. In its recent earnings call, President and CEO Andrew Clyde said Murphy intends to add between 30 and 35 new convenience stores to its network this calendar year — a bump from the 28 it added in 2023.
El Dorado, Arkansas-based Murphy USA operates more than 1,700 c-stores in 27 states, including 1,577 Murphy USA and Murphy Express locations and 156 QuickChek stores.
